Eltek Ltd (ELTK) Reports Q4 Loss of $0.33 on Revenues of $9.1M

Eltek Ltd (NASDAQ: ELTK) reported Q4 EPS of ($0.33). Revenue for the quarter came in at $9.1M.

Highlights of the Fourth Quarter of 2017 compared to the Fourth Quarter of 2016

• Revenues for the fourth quarter of 2017 were $9.1 million compared to revenues of $8.1 million in the fourth quarter of 2016 ($7.3 million excluding Kubatronik).
• Gross profit was $740,000 (8.1% of revenues) compared to a gross loss of $463,000 (5.7% of revenues) in the fourth quarter of 2016 (gross loss of $283,000 or 3.9% of revenues excluding Kubatronik).
• Operating loss was $568,000 compared to an operating loss of $1.6 million in the fourth quarter of 2016 (an operating loss of $1.4 million excluding Kubatronik).
• Net loss was $669,000 or $0.33 per fully diluted share compared to a net loss of $3 million or $1.48 per fully diluted share in the fourth quarter of 2016 (a net loss of $2.8 million or $1.4 per fully diluted share excluding Kubatronik).
• EBITDA was a negative $130,000 compared to a negative $1.4 million in the fourth quarter of 2016 (a negative $1.2 million excluding Kubatronik).
• Net cash used in operating activities amounted to $775,000 compared to $1.3 million of cash used in operating activities in the fourth quarter of 2016.

For earnings history and earnings-related data on Eltek Ltd (ELTK) click here.

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